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Co Ownership Agreement Aircraft


This document was drafted to assure maximum legal protection at a minimum cost to you. It is written in plain English for simplicity of use and readability.

To use a contract, simply insert all relevant details in the appropriate space and go to print. It's that simple!

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      This agreement made and executed this _________ day of ________, 20_, by and between _____________ and ____________ and ______________ hereafter referred to as co-owners.


      The co-owners agree to form a co-ownership to purchase as tenants in common a __________ airplane, registration number ____________, and for operating the airplane for the co-owners’ business or pleasure. The co-owners agree to operate the airplane in accordance with local and state regulations and requirements.


      This co-ownership shall commence on ______________, 20 __, and shall continue until termination by mutual agreement. The co-ownership shall be limited to ______ co-owners. Written consent of all co-owners is required before additional persons can purchase any share of the airplane. If a co-owner has more than an equal share in the co-ownership, he is restricted to one vote on matters that require a vote.


      COST OF CO-OWNERSHIP


      Each co-owner shall contribute initial capital in the sum of $____________ to the co-ownership. This capital is the beginning balance of each co-owner’s capital account and__


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Your professionally drafted fractional ownership agreement is available for immediate download. The document comes to you as a Microsoft Word and PDF template that can be used as often as you like. Simply insert the correct information in the appropriate field and tab to the next. Now print your professional agreement!

      * This agreement includes a complimentary copy (A $97 VALUE!) of R. P. Emery & Associates newly revised 5th Edition, "Contract Preparation Tips, Hints & Secrets" publication. It will show you in simple terms how to thoroughly cover important legal requirements, and how to complete an agreement in detail. In addition, it contains alternative legal clauses and provisions you can use Click here to read more about the book.

 
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